Occupied Triplex with Off-Street
1140 South Durbin Street Casper, WY 82601
1140 South Durbin Street, Casper, WY, 82601
$500,000
Pending
For Sale
$500,000
Pending
Fully occupied triplex offers three income-producing units with off-street parking and multiple laundry access options.
Property Size5,336 SF
Days on Market28
Property Features for 1140 South Durbin Street
General Information
- Standard status
- Pending
- Size
- 5,336 SF
- Property subtype
- Multi-family / Tri-Plex
Building Details
- Year Built
- 1940
Listing agency
eXp Realty, LLC
(307) 200-3288
Listed by
Cole Wirtz · License #RE-17078
(307) 200-3288
Source
Compass
Added: Jun 25 Updated: Jul 22 at 5:48AM Checked: Jul 22 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
This fully occupied triplex includes three income-producing units and offers off-street parking. Unit 1 features 2 bedrooms and 1 bathroom, hardwood floors, a bright sunroom, private laundry, its own private basement, and a detached private garage. Unit 2 offers 1 bedroom and 1 bathroom, with thoughtful updates, shared laundry access, and a shared, but private, garage. Unit 3 includes 1 bedroom and 1 bathroom, a private basement, shared laundry access, and its own shared, yet private, garage.
The property is located just minutes from downtown Casper, with convenience to shopping, dining, and parks.
With a combination of private and shared-but-private amenities across the units, the layout is designed to support rental living while maintaining practical, home-like functionality for each residence.
The property is located just minutes from downtown Casper, with convenience to shopping, dining, and parks.
With a combination of private and shared-but-private amenities across the units, the layout is designed to support rental living while maintaining practical, home-like functionality for each residence.
Key Highlights
- Fully occupied triplex with 3 income‑producing units and 5,336 SF total
- Built in 1940 with wood frame construction, wood siding, and architectural roof
- Unit 1: 2 bed/1 bath with hardwood floors, bright sunroom, private laundry, private basement, and detached private garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $12.60 |
| − Vacancy | −$3.0k | −$0.57 |
| EGI | $64.2k | $12.03 |
| − OpEx | −$19.3k | −$3.61 |
| NOI | $44.9k | $8.42 |
5,336 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.1K
$561.8K – $749.1K
NOI $44,946 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$592.8K
$518.7K – $691.6K
NOI $41,498 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,395 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully occupied triplex offers three income-producing units with off-street parking and multiple laundry access options.
Where is this triplex located?
The property is located at 1140 South Durbin Street Casper, WY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fully occupied triplex with 3 income‑producing units and 5,336 SF total; Built in 1940 with wood frame construction, wood siding, and architectural roof; Unit 1: 2 bed/1 bath with hardwood floors, bright sunroom, private laundry, private basement, and detached private garage
